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Search Results 0 to 49 of about 326 (some duplicates have been removed)
the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll ta
. >>> back here at home, as the fiscal cliff standoff continues in washington the president took his plan out of town to northern virginia where he sat down with a middle class family to talk about the potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house. the question was what would you do if you had to pay another $2200 in taxes. that's what the white house says will be the average impact on middle class families if they don't work out avoiding this fiscal cliff. the president sat down with a couple, a teacher, a man who works at an auto dealership. they live with her family. the family says they're looking at a couple month's rent if they have to pay more taxes. the president reiterated he absolutely will not sign any deal that does not increase taxes on the wealthy in this country. he said the problem is solvable. >> for them to be burdened unnecessarily because democ
to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market isn't i wier. t
's promise of post-revolution democracy. >>> back here at home, as the fiscal cliff standoff continues in washington, the president took his plan out of town to northern virginia, where he sat down with a middle class family to talk about the potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking what would happen if your family had to pay another $2,200 next year in taxes? 100,000 people responded, including that northern virginia family that the president met with yesterday. they said $2,200 for them is a couple months' rent. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: the other big issue here on capitol hill, raising the debt limit. the president wants a new authority. mitch mcconnell filibustered his own bill. t
the fiscal cliff. rich edson reporting from washington. thank you very much. liz: david, the news changes, and day-to-day, breaking news now, adam on dish. >> yeah, move over verizon, at&t, with the dish of dish if you want a new cell phone company. three of five fcc commissioners approved a rule change as of today, and it would allow support for the dish speck rum rule change for a wireless network. dish could then, perhaps, as sale at capacity for the u.s. market so the fcc, looks as if is clearing the way for dish. back to you. david: boy, a more ever-crowded market in the cell field. competition is good for consumers, not a bad thing. thank you very much. liz: washington, still, as you know, not coming to a solution on the fiscal cliff with the clock ticking louder than ever. coming up, we are joined exclusively by the former treasury secretary paul o'kneel and how he would solve the crisis. david: big labor taking a big hit, right it work bills sent to the governor's desk who is joining us live after the break. ♪ ins. i didn't see them coming. i have obligations. cute obligatis, bu
talks about the fiscal cliff in washington. here is a look at how the end of the day the dow was off about 13 points nearly 14 as a matter of fact. 12,00951 was closing number just shy of the 13th of march. the nasdaq drive dropped 5 1/2 point. >> and other business news nestle has reached a multi- year agreement to show disney movies as sedation finish their runs in theaters. net flicks outbid hbo, showtime and stars. the deal will lighallow net flicks to stream movies in 2016. the financial terms of the deal have not been released. >> federal antitrust regulators have given the green light for disney to acquire lucas films for $4 billion. the deal for disney to buy lucas' films and the star wars franchise was announced back in october. lucas' films founder george lucas will get half of the purchase price in cash and stock. he says he will donate most of the money to charity. >> ya hoo has purchased another silicon valley startup. on the air which is based in severs his goal is now a part of diablo. the company enables users to hold on-line video chess in a talk-show format ya hoo d
are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rarely hear about. the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or s
. >> congressman, van hollen, thank you very much for your time. >> thank you. >> tom: as fiscal cliff negotiations continued in washington today, stocks on wall street were stuck in neutral. the dow rose 15 points, the nasdaq gained nine, and s&p added a fraction. still, the benchmark s&p 500 index has regained most of the ground it lost after the presidential election. that's as investors may sense an agreement to avert the fiscal cliff is coming soon. suzanne pratt reports. >> reporter: the tree is up on wall and broad, and so is the u.s. stock market. the holiday season typically is a good time for stocks. in fact, since 1950, december has been the best month of the year for the s&p 500 with the index gaining an average of 1.7%. this december is off to a good start, even though the fiscal cliff looms large over trading floors. most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg isn't sure where all the optimism is coming from. >> it's a real dilemma here because a lot of folks that i talk to, and customers and professionals a
- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats shona signs of backing off from
factors, as well. abc's tahman bradley has that story from washington. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will o
and the president stay in washington until the fiscal cliff is resolved? [ male announcer ] at scorade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 lotions, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. you know how painful heartburn can be. for ft, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a san to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about tt. [ale announcer ] break from the holiday stress. fedex office. gerri: less tan a month to go, members of the house, they are leaving washington for a long weekend breaa. is now the t
to all the prognostications out of washington on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen. and if you wait around and climb this wall of worry, right, don't you sometimes miss out? >> i think you're right. and i think that we do expect something here this wednesday. and if we don't get that $45 billion a month program that actually creates money supply, i think you might see a little selloff. but i think it's priced in at this point. so i think we do have a big question mark here. but it may be answered this week. i think that's what traders are focused on. it's a big last three days after a quiet two days this week. >> i want to ask rick about that i
in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution fo
there for long. darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply tend its operati twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's balance sheet the same size. now, the fed may be ready to do a new stimulus dance. >> under twist, they've been purchasing $45 billion longer term treasuries while at the same tim
the iranians from going weaponized. all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character trying to end his recurring nightmare in "groundhog day." >> we musn't keep it waiting. >> he might be ok. chris: the worst movie analogy we could imagine ends badly for all concerned. let's hope and pray that thelma and louise are not boehner and obama. my own favorite clip is mount rushmore, "north by northwest," the hitchcock great with cary grant pursued by spies. the survival is never in doubt. not sure if that's true now. when we return, the hillary clinton for 2016 talk is ready to roar. scoops and predictions. chris: we just re-elected barack obama but the h
in washington over the fiscal cliff and how it affects the middle class. >> when we return, 9news' delia goncalves will have the latest from capitol hill. right now with the latest on our rush hour traffic, here's monika. >> reporter: brunswick line 870120 minutes -- 870 is 20 minutes late. an incident here at route 50. delays begin at route 28 in centreville. more news, weather and traffic coming up at 6:30. you're watching 9news. we'll be right back. >>> good morning. we're back at 6:29. this is always the place to get your weather first. here's a live look at the white house. not as bright as we usually see it. maybe they were out partying at the ellipse lighting a christmas tree last night. sleeping in. it is 41 degrees. maybe a few showers later today. but thank you for starting your friday with us. nothing can dampen our spirits on a friday. i'm andrea roane. >>> sounds good. grab an extra cup of coffee. i'm mike hydeck. thanks for joining us. meteorologist olga breese is live on the weather terrace. she had her scarf on last time and does again. >> that's right and gloves too. it'
. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to put together a team, especially in international affairs, a team overall that going into a second term doesn't look like a second team, does not look like a group of second stringers. >> reporter: the likely short list to succeed secretary of state hillary clinton, is also politically charged. susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador, apparently because they think she's an easy target, then they've got a problem with me. >> senator mccain? >> thank you very much, mr. secretary. >> senator j
in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his choice in case something happens to him. he's scheduled to be swarn in for a new six-year term on january 10th. >>> some very sad news for fans of music superstar jenny rivera. they have found the wreckage of the private jet believing to be carrying the popular mexican-american singer and six others. the plane lost contact early this morning. so far, no cause has been given for that crash. >>> the menorah has been illuminated tonight, marking the start of hanukkah. >>> of course, no hanukkah celebration would be complete without the spinning dradel. >>> you're getting slammed right now by a major winter storm in the great lakes area. it's the most snow in the minneapo
now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of helping transfer billions formations like iran doing business with firms linked to terrorism and also enabling mexican drug cartels to move money illegally through u.s. subsidiaries. >> considering that, that sounds low, $2 mibillion for helping mexican drug cartels and terrorists out of iran? >>> and asia asending, the west in decline. 300 years of the west rising is reversing. american intelligence agencies are preparing this report that they do every four years for incoming administration. the world undergoing tectonic shifts, comparable to the french revolution and industrial revolution, but happening much faster. by 203 0shgs asia will see the power it last had in the middle ages and the
of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to spend, that translates into $200 billion of less consumer spending next year. and that's bad for businesses, large and small. >> reporter: behind the scenes, the two sides are talking again. but there was no progress in public. senators today fought over the debt limit, and ended up deadlocked over a bill to allow the president to automatically increase borrowing. >> he's shown what he is really after is unprecedented powers to spend taxpayer dollars without any limit at all. >> reporter: if the debt limit isn't raised, the country can't pay f
warnings and it's likely to bring new sanctions against the north. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the presid
at how spending cuts in the so-called fiscal cliff would affect national security. also, our "washington journal" series on the fiscal cliff with talk about the alternative minimum tax. we will also talk with senator tom cole of oklahoma. >> several liebowitz to tell you about on c-span3 tomorrow. politico post journalists and author bob woodward and marco rubio. a little after 8:00 a.m. eastern. at 10:00 o'clock, the senate appropriations committee will hear about the federal response hurricane sandy. fema director craig fugate and senators from some of the affected states. the house foreign affairs committee and the regional influence. that is at 2:00 p.m. eastern. the senate voted on the u.n. treaty for the disabled. sixty-six votes were needed for ratification. sixty-eight to 38 the vote failed. >> i think it would be fair not to use of the time in an unfair way. i would ask that if they are not ready to use their time, that this be charged against them. because i think it is important that we don't give a part-time as a result of that. i ask unanimous consent that we not be charged
last chance to talk washington down from the fiscal cliff. host: c-span will be carrying that press conference live, fed chairman ben bernanke, on c-span 3. you can find that at 2:15 p.m. eastern time. you can find it on their website, we will be archiving that after the fact. what deductions would you give up? let's go to dawn in eugene, oregon. caller code good morning. listen, the contribution thing is a way to be of service, as far as i'm concerned. host: by contribution you mean charitable contribution? caller: yes. it is something that i would want to keep. i mean, not keep, but i would be willing to contribute to that concern about taxes. my main concern is the mortgage deduction. how severe -- many of us have every dollar that we account for on the federal. if we did not have that, we would be up to 25%. this would be quite a severe blow if this were done in a cut and dried fashion. maybe they can do a tiered thing? that is the thing about taxes, a lot of people purchase property taxes, i am really for a federal sales tax. maybe some of us could keep the deductions that we a
it meets next week. erika miller, "n.b.r.," new york. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the e
'll wjz, wash -- wjz, washington. >>> president obama is selling his plan to avoid the fiscal cliff to auto dealers near detroit. >> i want us to bring down our deficits. but i want to do it in a balanced, responsible way. >> the president's latest campaign appearance follows a meeting with house speaker john boehner. sources tell cbs news, both sides remain hopeful. but little progress was made. the president has made has made clear, any deal must include the wealthiest americans paying more taxes. if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across-the-board spending cuts will kick in on january 1st. >> reporter: there are signs some republicans are now willing to compromise on taxes, if they can secure cuts to social security, medicare, and medicaid. >> you give the president the 2% he's talking about, the rate increase on the top 2%. and all of a sudden, the shift goes back to entitlements. >> reporter: one proposal under discussion, raging the eligibility age
cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 22nd, 1963 when president kennedy was assassinated. hours later, brooks was on hand as vice president and fellow texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1964 civil rights act, and he drafted the articles of impeachment against president nixon. jack brooks was 89 years old. those are some of the day's major stories. now, back to gwen. >> ifill: lawmakers stepped up the rhetoric, but grew no closer today to agreement on how to avoid slipping over the so- called fiscal cliff. but each side demanded the other compromise. "newshour" congressional correspondent kwame holman begins our coverage. >> i have to just tell you that is a... that is a bad strategy for america
. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg abossage ab the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 most fascinating people, then barbara said, i can't do this [ bleep ] anymore and ret
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
the fiscal cliff. in washington, emily schmidt, kron4 news you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ a fresh-cut tri tip sirloin served with a succulent lobster tail. just $16.99. sizzler. >>pam: now for today's market update. stocks post little gains amid the ongoing budget talks in washington. apple stock rebounded from yesterday's drop off. after c-e-o tim cook said the company would start making next year. gabe slate tech report which is spoken of tech report and also, the dow gained nearly 40- points to close above 13- thousand. nasdaq was up 16. and the s-and-p-500 gained five points. >> watching today's winners and losers zinga.. >> today it is a when winner? >> yes, facebook and farm ville.. relationship went sour but now, after a >
. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile.
the fiscal cliff deadline. no progress was made in washington. the main sticking point are about tax cuts that are set to expire and the president's demand that the wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that ki
Search Results 0 to 49 of about 326 (some duplicates have been removed)